3 Bed Detached House, Refurb/BRRR, Reading, RG4 9LA, £550,000

Westleigh Drive, Sonning Common, South Oxfordshire, RG4 9LA - 3 views - 7 months ago

Under Offer
Refurb/BRRR
~105 m²
+9 photos

ValuationOvervalued

Sold Prices£287.5K - £789.3K
Sold Prices/m²£3.7K/m² - £9.8K/m²

 

 

Square Metres

~105.40 m²
Price/m²£5.2K/m²

Value Estimate

£536,881

 

 

End Value (After Refurb)

£540,274

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£48,941

Bridging Loan Interest

£14,438

Total Cash In

£246,328

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£540,274

Mortgage (After Refinance)

£405,206

Mortgage LTV

75%

Cash Left In

£246,328

Equity

£135,069

Rent Range

£895 - £4,400

Rent Estimate

£2,079

Running Costs/mo

£2,124

Cashflow/mo

£-45

Cashflow/yr

£-542

Gross Yield

5%

Local Sold Prices

30 sold prices from £287.5K to £789.3K, average is £467.5K. £3.7K/m² to £9.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£550K06/210.01 mi1, Westleigh Drive, Sonning Common, Reading, Oxfordshire RG4 9LA3
£465K03/210.03 mi21, Birch Close, Sonning Common, Reading, Oxfordshire RG4 9LE3
£341K07/230.09 mi13, Lea Road, Sonning Common, Reading, Oxfordshire RG4 9LH3
£395K06/210.11 mi32, Lea Road, Sonning Common, Reading, Oxfordshire RG4 9LJ3
£358K11/200.11 mi15, Maple Close, Sonning Common, Reading, Oxfordshire RG4 9NG3
£330K02/230.12 mi18, Rowan Close, Sonning Common, Reading, Oxfordshire RG4 9LD3
£301K05/210.12 mi10, Elm Court, Sonning Common, Reading, Oxfordshire RG4 9ND3
£580K03/210.29 mi2, Bird Wood Court, Sonning Common, Reading, Oxfordshire RG4 9RF3
£550K02/230.37 mi32, Crowsley Way, Sonning Common, Reading, Oxfordshire RG4 9LY3
£287.5K01/210.37 mi14, Brinds Close, Sonning Common, Reading, Oxfordshire RG4 9SR3
£295K06/210.37 mi2, Brinds Close, Sonning Common, Reading, Oxfordshire RG4 9SR3
£640K11/200.37 mi12, Green Lane, Sonning Common, Reading, Oxfordshire RG4 9NA3
£435K06/230.43 mi26, Ashford Avenue, Sonning Common, Reading, Oxfordshire RG4 9LR3
£472K04/210.49 mi15, Bramley Crescent, Sonning Common, Reading, Oxfordshire RG4 9LU3
£385K10/200.51 mi53, Peppard Road, Sonning Common, Reading, Oxfordshire RG4 9SS3
£450K11/200.52 mi50, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£485K05/210.52 mi48, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£565K01/210.52 mi6, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£428.1K06/210.53 mi69, Orchard Avenue, Sonning Common, Reading, Oxfordshire RG4 9LT3
£478.5K05/230.53 mi40, Orchard Avenue, Sonning Common, Reading, Oxfordshire RG4 9LT3
£350K05/210.53 mi57, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RU3
£365K11/200.55 mi31, Park Close, Sonning Common, Reading, Oxfordshire RG4 9RY3
£789.3K06/230.56 mi32, Woodlands Road, Sonning Common, Reading, Oxfordshire RG4 9TE3
£577.5K06/230.62 mi28, Newfield Road, Sonning Common, Reading, Oxfordshire RG4 9TB3
£640K02/230.71 mi11, Old Copse Gardens, Sonning Common, Reading, Oxfordshire RG4 9TH3
£517K09/210.73 mi17, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HH3
£470K02/240.73 mi19, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HH3
£460K08/230.9 mi73, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HJ3
£550K08/230.95 mi116, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HR3
£625K08/221 miHope Cottage, Gallowstree Road, Peppard Common, Henley-on-thames, Oxfordshire RG9 5JB3

Local Rents

50 rents from £895/mo to £4.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85012/240.05 miIlex Close, Sonning Common3
£1,80007/240.2 miBay Tree Rise, Sonning Common, Oxfordshire, RG42
£2,00007/240.2 miBay Tree Rise, Sonning Common, Reading3
£97507/240.25 miWood Lane, Sonning Common, RG42
£1,20007/240.36 miPages Orchard, Sonning Common, Oxfordshire, RG42
£2,75010/230.44 miHeatherfield Place, Sonning Common, Reading, Berkshire, RG44
£1,60012/240.45 miSonning Common, South Oxfordshire, RG43
£1,89507/240.52 miWoodlands Road, Sonning Common, Reading, RG43
£1,89507/240.52 mi-3
£1,20001/250.52 mi-2
£1,70007/240.53 miSedgewell Road, Sonning Common, RG93
£1,60012/240.53 miChurchill Crescent, Sonning Common, Reading, Berkshire, RG43
£2,25012/240.55 miBird In Hand Lane, Sonning Common, RG44
£1,40003/250.58 mi-3
£4,40012/240.59 mi-4
£4,40004/250.59 mi-4
£1,49512/240.72 miCraysleaze, Kidmore End, Reading2
£3,49512/240.75 miGardeners Copse, Sonning Common, Reading, RG44
£1,40007/240.89 miShiplake Bottom, Peppard, Henley-On-Thames, Oxfordshire, RG92
£1,80012/241.02 miBishopsland Cottages, Bishopsland, Dunsden, Reading, RG43
£3,25007/241.21 miHorsepond Road, Gallowstree Common, Oxfordshire, RG44
£2,30012/241.57 miPhillimore Road4
£1,85012/241.64 mi-3
£2,00012/241.73 mi-3
£1,75007/241.89 miColmore Lane, Kingwood, Henley-on-Thames, Oxfordshire, RG92
£2,50012/241.95 miYarnton Close, Emmer Green, Reading4
£2,49012/241.96 mi-5
£2,50012/241.98 miChalgrove Way, Emmer Green, Reading4
£2,50012/242 miYarnton Close, Emmer Green, Reading4
£3,25003/252.04 mi-5
£1,25007/242.04 mi-1
£1,25007/242.04 miGlenrhondda, Emmer Green, Reading, RG41
£3,50007/242.12 miDetached Coach House3
£1,65012/242.14 mi-3
£1,60002/242.15 mi-2
£1,30004/252.15 mi-2
£3,50007/242.16 miOat Close, Rotherfield Greys, Henley-On-Thames, Oxfordshire, RG94
£1,65007/242.17 miBellingham Walk3
£2,20002/242.18 mi-3
£2,50012/242.19 miHorse Leys, Rotherfield Greys, Henley On Thames, Oxfordshire, RG93
£1,50011/242.19 mi-2
£1,85012/242.2 miCarisbrooke Close, Caversham Park, Reading3
£1,99512/242.21 miConisboro Avenue, Caversham3
£1,30012/242.23 mi-1
£1,30007/242.23 miLowfield Road2
£2,85012/242.23 miEmmer Green Court, Reading, Berkshire2
£2,25007/242.23 miLowfield Road, Caversham4
£89512/242.26 miGeoffreyson Road, Caversham, Reading, Berkshire, RG41
£1,30012/242.28 miQueensway, Caversham, Reading2
£3,25007/242.3 miDunsden, Reading, Berkshire, RG43

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

4.16 miles away

Nearest school

0.20 miles away

Nearest train station

3.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £550,000

September 26, 2024

Floor Plans

Description

  • Spacious three bedroom detached bungalow +
  • Sought after location +
  • Private level gardens +
  • A short walk to the village centre +
  • Unusually large garage and drive +
  • Good decorative order +
  • Potential to upgrade as desired +
  • NO CHAIN! +

Bridges are delighted to bring to the market this unusually bright and spacious three bedroom detached bungalow situated in a sought after location conveniently placed for the village centre. Whilst requiring modernisation as desired, this super home is presented in good decorative order throughout. The accommodation includes a good size entrance porch leading to a spacious entrance hall with doors off to the generously proportioned dual aspect living/dining room, the kitchen/breakfast room also accessed via the dining room, the bathroom and separate WC and all three good size bedrooms. The gardens are a particular feature with the frontage being predominantly laid to lawn with a driveway affording parking for several vehicles leading to the unusually large garage with overhead storage, light and power. The rear garden is again laid to lawn and skirted by shrub beds. There is a useful brick built storage shed with light and power plus a timber shed and greenhouse. Westleigh Drive is a short walk from the bustling village centre offering an excellent range of everyday amenities including highly regarded GP and veterinary surgeries, supermarkets, a post office and a hardware store. The property is furthermore just moments from bus stops offering a regular service into Reading and Henley-on-Thames town centres. An early viewing is highly recommended and there is NO ONGOING CHAIN.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Bridges Estate Agents, Sonning Common

0118 230 8640

Next Steps?

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